10 Bag WR1 FA & Discussion, page-749

Agree.
When markets are crapping themselves, buyers evaporate to the opportunity they find in the desperation of fear fleeing sellers. Buyers simply bid the lower lines, and do not need to chase higher unless the supply of desperation runs dry which it eventually does. But no-one can ever pick the bottom. It comes and goes silently. No-one rings a bell to end their madness. Or that the rumble in the mountain softens. The only sanity comes from looking at where we will be in a year from now, and at what multiple did accumulation and steady hands benefit the brave.